Maritrans Inc.

As of November 28, 2006, Maritrans Inc. was acquired by Overseas Shipholding Group, Inc. Maritrans, Inc., through its subsidiaries, provides marine transportation services to the oil and petroleum industries along the Gulf and Atlantic Coasts of the United States. It transports refined petroleum and petroleum products from refineries located primarily in Texas, Louisiana, and Mississippi to distribution points along the Gulf and Atlantic Coasts, including south of Cape Hatteras, North Carolina, Florida, and the West Coast. The company also provides lightering services, a process of off-loading crude oil or petroleum products from deeply laden inbound tankers into smaller tankers and barges, primarily to refineries on the Delaware River. As of December 31, 2005, the company employed a fleet of 16 vessels, including 4 articulated tug barge units, 7 tug/barge units, and 5 tankers with an oil carrying fleet capacity of 3.6 million barrels. Maritrans was founded in 1987 and is headquartered in Tampa, Florida.